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S.Korea won inches up, stocks dip on N.Korea, but LG Electronics climbs
September 5, 2017 / 2:55 AM / 16 days ago

S.Korea won inches up, stocks dip on N.Korea, but LG Electronics climbs

    * Won edges up as Swiss say ready to mediatein  N.Korea
crisis
    * Investors still very cautious; expecting more to come from
Trump - analyst
    * Foreign investors sell shares

    SEOUL, Sept 5 (Reuters) - The South Korean won        edged
up on Tuesday but remained near two-week lows, while stocks
dipped as global tensions remained high after North Korea's
powerful nuclear test.
    The United States said on Monday that Pyongyang was "begging
for war" after the test on Sunday, and there were signs it is
preparing further missile launches.            
    The won            stood at 1,130.6 to the dollar as of 0212
GMT, up 0.2 percent compared to Monday's close of 1,133.0.
    "Market players are betting slightly more on (global)
economic sanctions rather than military ones for now, which is
lifting the won," said Paik Seokhyun, a foreign exchange analyst
at Shinhan Bank.
    South Korean shares wobbled in and out of negative territory
with the Korea Composite Stock Price Index (KOSPI)         down
0.1 percent at 2,327.53 points by late morning.
    Foreign investors were poised to be net sellers, offloading
62.9 billion Korean won ($55.64 million) worth of KOSPI shares
near mid-session. 
    While declining issues far outnumbered advancing ones by 552
to 232, LG Electronics             rose nearly 5 percent on high
expectations about its new smartphone model V30. LG Display
            also climbed 5.3 percent.
    Shares of Korea Gas Corp             lost 1.1 percent and LG
Chemical             1.2 percent. 
    September futures on three-year treasury bonds        
gained 0.04 point to 109.23. 
    
                       0212 GMT    Prev close
 Dollar/won             1,130.6       1,133.0
 Yen/won             10.3242/97       10.3170
 *KTB futures            109.23        109.19
 KOSPI                 2,329.22      2,329.65
 * Front-month futures on three-year treasury bonds
    

 (Reporting by Dahee Kim; Editing by Kim Coghill)
  

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